EENI-Business School

Doing Business in Austria

Syllabus of the Subject - Doing Business in Austria. Vienna.

  1. Introduction to the Republic of Austria (European Union)
  2. Austrian Economy
  3. Doing Business in Vienna
  4. Austrian Foreign Trade
  5. Foreign Direct Investment (FDI) in Austria
  6. Main Austrian Companies
  7. Access to the Austrian Market
  8. Business Plan for Austria

The objectives of the subject “Doing Business in Austria” are the following:

  1. To analyse the Austrian Economy and Foreign Trade
  2. To evaluate the business opportunities in the Austrian Market
  3. To analyse the trade relations of Austria with the country of the student
  4. To know the Austria's free trade agreements as a member of the EU
  5. To develop a business plan for the Austrian Market
Subject “Foreign Trade and Business in Austria” is studied...
  1. Doctorate: Europe
  2. Professional Master's Programs (e-learning): Europe, International Business

Recommendations for the Austrian Students

Course learning materials in English + Spanish Austria French Autriche Portuguese União Europeia.

  1. Credits of the subject “Doing Business in Austria”: 1 ECTS
  2. Duration: one week

Description of the Subject: Doing Business in Austria

The Republic of Austria (Europe)

  1. Capital: Vienna
  2. Languages: German (official), Hungarian and Slovenian
  3. Area: 83,871 square kilometres
  4. Austrian Population: 8.5 millions of people
  5. Type of Government: Parliamentary Federal Republic
  6. Borders of Austria: The Czech Republic, Germany, Slovakia, Hungary, Slovenia, Italy, Switzerland and Liechtenstein
  7. Austria is a landlocked country

Religion in Austria: Catholicism -73% of the Austrian population- (Christianity)

Austria belongs to the Western Christian Civilisation (European Economic Area)

Economy of Austria.

  1. The Republic of Austria is one of the richest countries in the world, with a per capita income of 38,500 Euros
  2. Austria is the eleven economy of the European Union
  3. Austrian GDP (nominal): 398 millions of dollars
  4. Major economic downturn in 2011
  5. Austrian Currency: Euro
  6. Austria joined the European Union in 1995
  7. Main economic sectors: tourism, vehicles, foods, machinery, chemical products, paper

Austrian Foreign Trade.

  1. Main Austrian Exports are machines, vehicles, paper, foods, chemical products, steel, textiles
  2. Germany is the largest trading partner of Austria
  3. Top Austrian Export Markets are Germany (31%), Italy, Switzerland, the United States
  4. Main Origin of the Austrian imports are Germany (45), Switzerland, Italy, the Netherlands
  5. As a member of the European Union, Austria is the beneficiary of the EU Free trade agreements with South Africa, South Korea, India, Mexico, MERCOSUR, etc

International Economic Relations of Austria

  1. European Union
  2. Organisation for Economic Cooperation and Development (OECD)
  3. World Bank
  4. Central European Initiative
  5. International Chamber of Commerce
  6. Regional Cooperation Council
  7. Economic Commission for Europe (UNECE)
  8. Inter-American Development Bank
  9. International Monetary Fund (IMF)
  10. World Trade Organisation (WTO)
  11. United Nations
  12. European Investment Bank (EIB)
  13. European Bank for Reconstruction and Development
  14. Organisation for Security and Cooperation in Europe (OSCE). The headquarters of the OSCE is in Vienna
  15. Asia-Europe Economic Meeting (ASEM)
  16. Group of States of the Council of Europe Convention against the corruption (GRECO)

Austria is also an observer country in the Organisation of the Black Sea Economic Cooperation

Examples of the subject - Foreign Trade and Business in Austria:
Central European Initiative (CEI)

European Union-South Africa Trade and Cooperation Agreement

European Union-Central America Free Trade Agreement (FTA)

Regional Cooperation Council

(c) EENI- Business School